Definition ∞ Ownership records are documented proofs or verifiable entries that establish legal or verifiable claim over an asset or property. In the context of digital assets and blockchain technology, these records are immutably stored on a distributed ledger, indicating which public address controls a specific quantity of cryptocurrency or a unique non-fungible token (NFT). Unlike traditional systems, blockchain ownership records are transparent, tamper-resistant, and publicly auditable. They provide a cryptographic guarantee of asset possession.
Context ∞ The discussion surrounding ownership records in the digital asset world frequently emphasizes the unprecedented transparency and security offered by blockchain technology compared to traditional record-keeping. News often covers how these immutable records prevent double-spending and verify the authenticity of digital collectibles. A critical future development involves the broader legal recognition and regulatory frameworks for blockchain-based ownership, which will further solidify their role in global commerce and property rights.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
